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7039 Lapham Blvd, Waterford, MI 48329

3 beds • 2 baths • 2790 sqft

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This property could be a profitable Airbnb investment with a projected 12.94% first-year return on $68,169 initial cash invested.

12.94%

Cash On Cash

10.84%

Cap Rate

1.72

DSCR

$4,183

Rent

$735

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$239k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,169

Downpayment

20%

$47,780

Closing costs

1%

$2,389

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$4,183

Total Expenses

$3,448

Mortgage P&I

30%

$1,256

Property Taxes

2%

$103

Home Insurance

2%

$82

HOA

0%

$0

Property Management

15%

$627

CapEx

4%

$167

Vacancy

0%

$0

Maintenance

4%

$167

Other

25%

$1,046

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